SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

Information below represents reported segments for the three and six months ended December 31, 2021 and 2020. Operating income (loss) from hotel operations consists of the operation of the hotel and the garage. Operating income from real estate operations consists of the operation of rental properties. Operating gains (losses) from investment transactions consists of net investment gains (losses), impairment loss on other investments, net unrealized gain (loss) on other investments, dividend and interest income and trading and margin interest expense. The other segment consists of corporate general and administrative expenses and the income tax (expense) benefit for the entire Company.

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2021	Operations			Operations			Transactions			Corporate			Total
Revenues	$	6,348,000		$	3,866,000		$	-		$	-		$	10,214,000
Segment operating expenses		(6,479,000	)		(2,276,000	)		-			(576,000	)		(9,331,000	)
Segment (loss) income		(131,000	)		1,590,000			-			(576,000	)		883,000
Interest expense - mortgage		(1,654,000	)		(628,000	)		-			-			(2,282,000	)
Depreciation and amortization expense		(539,000	)		(596,000	)		-			-			(1,135,000	)
Gain (loss) from extinguishment of debt		2,000,000			(335,000	)		-			-			1,665,000
Loss from investments		-			-			(2,290,000	)		-			(2,290,000	)
Income tax benefit		-			-			-			916,000			916,000
Net (loss) income	$	(324,000	)	$	31,000		$	(2,290,000	)	$	340,000		$	(2,243,000	)
Total assets	$	45,741,000		$	47,173,000		$	21,148,000		$	19,581,000		$	133,643,000

For the three months	Hotel			Real Estate			Investment
ended December 31, 2020	Operations			Operations			Transactions		Corporate			Total
Revenues	$	3,109,000		$	3,554,000		$	-	$	-		$	6,663,000
Segment operating expenses		(5,133,000	)		(2,101,000	)		-		(559,000	)		(7,793,000	)
Segment (loss) income		(2,024,000	)		1,453,000			-		(559,000	)		(1,130,000	)
Interest expense - mortgage		(1,668,000	)		(573,000	)		-		-			(2,241,000	)
Depreciation and amortization expense		(582,000	)		(599,000	)		-		-			(1,181,000	)
Gain from investments		-			-			3,224,000		-			3,224,000
Income tax benefit		-			-			-		265,000			265,000
Net (loss) income	$	(4,274,000	)	$	281,000		$	3,224,000	$	(294,000	)	$	(1,063,000	)

As of and for the six months	Hotel			Real Estate			Investment
ended December 31, 2021	Operations			Operations			Transactions			Corporate			Total
Revenues	$	13,153,000		$	7,982,000		$	-		$	-		$	21,135,000
Segment operating expenses		(12,812,000	)		(4,350,000	)		-			(1,386,000	)		(18,548,000	)
Segment income (loss)		341,000			3,632,000			-			(1,386,000	)		2,587,000
Interest expense - mortgage		(3,315,000	)		(1,209,000	)		-			-			(4,524,000	)
Depreciation and amortization expense		(1,093,000	)		(1,190,000	)		-			-			(2,283,000	)
Gain (loss) from extinguishment of debt		2,000,000			(335,000	)		-			-			1,665,000
Loss from investments		-			-			(4,625,000	)		-			(4,625,000	)
Income tax benefit		-			-			-			2,031,000			2,031,000
Net (loss) income	$	(2,067,000	)	$	898,000		$	(4,625,000	)	$	645,000		$	(5,149,000	)
Total assets	$	45,741,000		$	47,173,000		$	21,148,000		$	19,581,000		$	133,643,000

For the six months	Hotel			Real Estate			Investment
ended December 31, 2020	Operations			Operations			Transactions		Corporate			Total
Revenues	$	6,534,000		$	7,038,000		$	-	$	-		$	13,572,000
Segment operating expenses		(10,166,000	)		(3,988,000	)		-		(1,926,000	)		(16,080,000	)
Segment (loss) income		(3,632,000	)		3,050,000			-		(1,926,000	)		(2,508,000	)
Interest expense - mortgage		(3,368,000	)		(1,188,000	)		-		-			(4,556,000	)
Depreciation and amortization expense		(1,161,000	)		(1,211,000	)		-		-			(2,372,000	)
Gain from sale of real estate		-			12,043,000			-		-			12,043,000
Gain from investments		-			-			2,859,000		-			2,859,000
Income tax expense		-			-			-		(1,710,000	)		(1,710,000	)
Net (loss) income	$	(8,161,000	)	$	12,694,000		$	2,859,000	$	(3,636,000	)	$	3,756,000